Business tax – guidance

Corporation Tax treatment of interest-free loans and other non-market loans

Draft guidance for inclusion in the Corporate Finance Manual as a result of recent changes in accounting standards.

Detail

This document sets out draft guidance for inclusion in the Corporate Finance Manual on the corporate tax treatment of interest-free loans and other loans on non-market terms. This is particularly relevant as a result of the recent changes in accounting standards.

There are 2 overview papers on FRS 101 and FRS 102 which highlight the key tax considerations that arise for companies that transition from Old UK GAAP to the new standards.